Bannerman Resources Limited (ASX:BMN, TSX:BAN) announced that inline with the Canadian Securities regulators, it has filed its NI 43-101 Technical report for the Etango uranium project.
According to the company’s press release:
The Technical Report is a comprehensive summary of the recently-completed Optimisation Study (“OS”) on the geological modelling and mine planning aspects of the Etango Definitive Feasibility Study (“DFS”), which was compiled in April 2012. The OS also reflects updated capital and operating cost estimates. The report has been prepared with the assistance of independent consulting firms AMEX Foster Wheeler and Optiro in accordance with Canadian National Instrument 43-101. The OS has significantly enhanced the project economics and re-enforces Etango to be a globally significant uranium project with average annual forecast production of 7.2 million pounds U3O8 per year over a 15.7 year mine life. The project is located in Namibia, a premier uranium mining jurisdiction with nearby infrastructure and demonstrated political and social support for uranium mining operations.
Click here to view the full press release.
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